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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of total debt

The table below reflects the Company’s total debt, including borrowings under its credit agreement and master loan agreement for equipment notes:

(dollars in thousands)						Inception Date						Stated Interest Rate (per annum)						Payment Frequency						Term (years)						Outstanding Balance as of December 31, 2021						Outstanding Balance as of December 31, 2020
Credit Agreement
Revolving loans						9/13/2019						Variable						Variable						5						$	—					$	—
Equipment Notes
Equipment Note 6						6/25/2019						2.89%						Semi-annual						7						—						12,896
Equipment Note 7						6/24/2019						3.09%						Semi-annual						5						—						6,980
Equipment Note 8						12/27/2019						2.75%						Semi-annual						5						4,503						5,513
Equipment Note 9						12/24/2019						3.01%						Semi-annual						7						—						4,031
																														4,503						29,420
Total debt																														4,503						29,420
Less: current portion of long-term debt																														(1,039)						(4,381)
Long-term debt																														$	3,464					$	25,039

Schedule of remaining principal payments for long term obligations

The following table sets forth our remaining principal payments for the Company’s outstanding Equipment Note as of December 31, 2021:

(in thousands)						Future Equipment Notes Principal Payments
2022						$	1,039
2023						1,067
2024						2,397
2025						—
2026						—
Thereafter						—
Total future principal payments						$	4,503
Less: current portion of equipment notes						(1,039)
Long-term principal obligations						$	3,464

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